This could be a major blow for iOS security because of the importance of the SEP: It handles Touch ID transactions and is completely isolated from the rest of its host device. Your iPhone, iPad, or iPod has no idea what's going on in the SEP, and that means no one else does either—at least until today.

Now that its firmware code is exposed it's open season on SEP vulnerabilities.

What the Secure Enclave Processor is

Photographer: Denys Prykhodov, Getty Images

Ever since Touch ID came out with the iPhone 5S, there has been a tiny coprocessor embedded in the main S-series, and now A-series, processor chip. That tiny coprocessor runs completely on its own—it has a separate OS, updates separately, and nothing it does is known to the rest of the device.

One of the key points of the SEP is its generation of the device's Unique ID (UID). That UID is further secured by tangling it up with an ephemeral key that changes every time the device is rebooted.

"The fact that [the SEP] was hidden behind a key worries me," said xerub. "Is Apple not confident enough to push SEP decrypted as they did with kernels past iOS 10?" He added that while SEP is amazing tech the fact that it's a "black box" adds very little, if anything to security. "Obscurity helps security—I'm not denying that," he said, but added that relying on it for security isn't a good idea.

Expert hackers, he added, won't be stopped by black boxes. Just slowed down.

"I think public scrutiny will add to the security of SEP in the long run," xerub said, noting that was also his intention with releasing the key. It's another act in the arms race between tech companies and hackers, who poke and prod software in a way that ultimately can make users safer.

"Apple's job is to make [SEP] as secure as possible," xerub said. "It's a continuous process ... there's no actual point at which you can say 'right now it's 100% secure.'"

Decrypting the SEP's firmware is huge for both security analysts and hackers. It could be possible, though xerub says it's very hard, to watch the SEP do its work and reverse engineer its process, gain access to passwords and fingerprint data, and go even further toward rendering any security relying on the SEP completely ineffective.

"Decrypting the firmware itself does not equate to decrypting user data," xerub said. There's a lot of additional work that would need to go into exploiting decrypted firmware—in short it's probably not going to have a massive impact.

An Apple spokesperson, who wished to remain unidentified, stated that the release of the SEP key doesn't directly compromise customer data. "There are a lot of layers of security involved in the SEP, and access to firmware in no way provides access to data protection class information."

The Apple source added that it's "not an easy leap to say it would make getting at customer data possible." Rather, it makes research into the structure of the SEP possible. It's there that hackers could find flaws that allow them to continue digging deeper.

Apple does not plan to roll out a fix at this time.

There's no telling when any potential effects of the SEP's decryption could start being felt, or in what way. Ideally, Apple will release a fix as soon as possible, but failing that be on the lookout for Touch ID hacks, password harvesting scams, or other attacks that could take advantage of the decryption.

Update 8/17: Added information from a conversation with xerub.

Update 2 8/17: Added Apple's response.

Top three takeaways for TechRepublic readers:

A hacker has released what they claim to be a decryption key for the Apple Secure Enclave Processor (SEP) firmware. The SEP handles password and Touch ID encryption, and decrypting it could have serious security consequences.

It's still too early to know what the full fallout from the SEP's decryption will be, but it could open the door for password harvesting, spoofing, and other security-compromising attacks.

Decryption of firmware doesn't equate to decryption of personal data. While SEP's firmware may have been opened up your personal data isn't necessarily at risk.

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